Samsung Pay CES AH-1

Samsung Pay Goes Live In eBay Korea’s Online Stores

March 8, 2016 - Written By Mihai Matei

Mobile payment solutions have been gaining a lot of grip over the past year or so, and generally speaking, smartphone users can choose between several main services depending on the type of device they own. As yet the main players include Apple Pay, Android Pay, and Samsung Pay – with LG Pay expected to be launched later this year in the form of a credit card replacement service. Samsung Pay was first released in South Korea in August 2015 and arrived in the United States one month later in September. Samsung is expected to expand the platform’s availability in more countries by the end of 2016, but more to the point at hand, the company is also working on expanding the service in regions where it already exists and as of yesterday, several online retailers in South Korea give buyers the option of paying using Samsung’s mobile payment solution.

According to a report from ZDNet, Samsung Pay is now available as a payment option on several online shopping sites managed by eBay Korea, which previously did not support the company’s service. The inclusion of Samsung Pay as a valid payment option on South Korean shopping sites such as Auction, G9, and Gmarket (which is considered one of the best online stores in the country), follows the signing of a memorandum of understanding between Samsung and eBay Korea, in a quest to promote and push financial technologies into mainstream. Aside from having the ability to conveniently place orders using a smartphone, the aforementioned shopping sites will also offer discounts for customers using Samsung Pay as their payment option. However, as yet, no details regarding discounts and / or other benefits have been revealed.

The inclusion of Samsung Pay on South Korean online shopping malls managed by eBay Korea comes days before the official release of the Samsung Galaxy S7 and Galaxy S7 Edge worldwide, and three days before Samsung Pay will begin offering support for ATM transactions in South Korea, through terminals owned by Industrial Bank of Korea, KB Kookmin Bank, NH Nonghyup Bank, Shinhan Bank, and Woori Bank. Samsung’s online payment solution should also go live in China by the end of March, and further expand its reaches in several other countries including UK, Spain, Brazil, and Australia by the end of the year.